“The world’s 30 biggest banks, including HSBC, JPMorgan Chase and Deutsche Bank, would need to raise as much as $1.2 trillion in total loss-absorbing capacity by 2022 under proposed rules published Monday by Europe’s Financial Stability Board (FSB).  Under the proposed rules, which would apply to 30 global banks identified by the FSB as ‘systemically important,’ the lenders will have until January 2019 to create a financial buffer, or Total Loss Absorption Capacity (TLAC), of at least 16 percent of their risk-weighted assets. The minimum TLAC requirement will gradually increase, rising to 18 percent by January 2022.”

http://www.ibtimes.com/global-banks-face-12-trillion-shortfall-under-proposed-fsb-rules-2175047

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